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Search Results 0 to 27 of about 28 (some duplicates have been removed)
in washington. while the fed is making a tidy out.it on a controversial about to send that and more out the door. to pump up the economy. >> the financial crisis has a tidy profit for taxpayers. they sold the last remaining shares of insurance giant a.zig today. the company nearly collapsed in 2008 after making risky financial bet. the treasury and the federal reserve came to the rescue, taking it over and backing it with $182 billion. avenue self-ing off the last shares treasury reported $5 billion profit on the bail-out. the federal reserve made $17.7 billion. but the fed won't be parking its cash. it's holding a two-day policy meeting and it is expected to announce tomorrow it will continue to keep interest rates low. but it wants to get them especially lower. for mortgages, car loan and business loan. it is expected to expand one of the major stimulus programs known as quantitative easing. it will buy more treasury bonds from banks and investors for cash. extra $40 billion or so a month. the fed hopes it will create more jobs. >> even though unemployment ticked down there is a reserve of peo
washington. what's the the latest on the talks or the silence? >> the silence seems to be golden, john. remember last week when all the players involved seem to be posturing and positioning and talking about negotiations? not so much, at least in the past few days. we know president obama and house speaker john boehner had a one-on-one meeting, right, on sunday, their first since mid-november. what were the details from that meeting and from the ongoing discussions? they're not really -- both sides are not really being forthcoming with what the substance of those conversations, both sides yesterday, the white house and the republican leadership put out statements. they're essentially the same. i'll read just one from boehner's press secretary. discussions with the white house are taking place but we have no detail to share about the substance of those conversations. the republican offer made last week remains the republican offer and we continue to wait for the president to identify the spending cuts he's willing to make as part of the balanced approach he promised the american people.
. up until then more from this morning's "washington journal" focus on domestic program cuts. >> host: domestic spending cuts is on the table for the fiscal cliff talks. two different perspectives for you here. isabel sawhill, brookings institution. brookings center on children and families. james capretta ethics and public policy center and visiting scholar at aei. let me begin with you. are these potential domestic cuts under sequestration devastating or manageable? >> guest: somewhere in between. not a good idea. they would be very deep cuts, you know, an 8% cut across the board is a very significant one-time cut for any program to sustain in immediate year period. so they're not a good idea. would it be the end of the world, no? >> host: what do you mean by that? >> guest: well, i mean there would be downsizing of a lot of services across the government in terms of the domestic accounts. so it would be fewer services being provided. there would be reduced federal employees. some grant programs would take a haircut of five, 10%. so there would be downsizing of the services provided
labor unions. >>> here in washington, republicans turn the tables on president obama. we're going to tell you what specific information they are now demanding. >>> and who was she? you're going to find out why a century's old mystery may be closer to a solution. i'm wolf blitzer. you're in "the situation room." we begin with today's dramatic defeat for union workers in the industrial's heartland. this was the scene as republicans pushed through right to work bills saying that they don't have to pay union dues in in order to get a job. on lookers chanted, shame on you after the vote. this is a watershed moment because michigan is the same as countless union struggles, including this 1932 march where five people died and dozens were injured when unemployed workers were attacked by police and ford motor company security guards. after decades of gains, fewer than 12% of u.s. workers now belong to unions. in michigan, it's fewer than 18%. cnn's poppy harlow is at the state capital in lansing. how did it go? >> reporter: are an historic day in michigan. a state at the heart of organized
last night at the christmas in washington event. december 21st, diana ross. that's it for us. thanks for watching. "erin burnett out front" starts right now. >> out front next, president obama in michigan today, selling americans on his plan for taxes. we're 22 days away from the cliff. does the plan add up? >> and a daring rescue in afghanistan claimed the life of an american navy s.e.a.l. as we prepare to go to afghanistan, we take a closer look at the american troop presence and how many americans will stay. >>> and offfield violence leads to the death of two nfl players. why the violence on the field, though, is a much more important issue. let's go "out front." >> good evening, everyone. i'm erin burnett. "outfront" tonight, cliff, slope, grand canyon. i don't know, martian cave, jupiter like storm. is the fiscal cliff really a fiscal slope. a downward spiral to something much worse. the possibility of going off the cliff is just 22 days away, and it sounds pretty ominous, but it could be a walk in the part compared with what could happen if lawmakers don't take a closer look at
absolutely right. what happens if we settle on what washington thinks is a big win? let's call it $3 trillion. >> i think $3 trillion, $4 trillion will be a sufficient number, erin, to sort of calm investment markets and to produce a real economy that is growth positive as opposed to growth negative. you know, the real problem going forward is, you know, we are going over the cliff no matter what and depends on whether we go over like will e. coyote or road run we are a parachute. that's the road runner with a ra pa ra chute and there's more taxes to raise and entitlements to cut over the ensuing years. >> that's i guess the problem. i prefer to be roadrunner with a ra pa parachute. how can washington do the deal that prevent it is country from -- to give a sense of the outcomes, could be borrowing costs skyrocket. the costs are very serious in the long term. right? >> i think they are. it involves what's known as fiscal drag to economists. basically when you raise taxes and lower entitlements, lower federal spending, that reduces economic growth and it will. it just depend on how slowly or h
, they are running anned a right now. he's take a look. >> if the politicians in washington negotiate a bad deal on the budget and deficit, what do you think will happen to medicare and medicaid benefits? and to our coverage? ♪ >> you know i just want to quickly ask you while we have you, why the unions are getting involved in this debate over the fiscal cliff now? what steak did they have in this? >> we think we are one of the last remaining organizedd forces in the economy that fight to invest that revenue and get the people back to work. because the private sector by itself is not generating the millions of more jobs. so it's about jobs and making sure we do not cut vital services to the people desperately need them. it's not just about the services, but it's also about stabilizing the employment of people in the healthcare and social security sector. so we have got to get back to work and protect services. that's why we think it's incumbent on us to have this fight as well. >> thank you for your time thank you for your time. next any time a right to work battle pro
to this story. you will keep a straight face because it's important. >>> the "washington post" is reporting the u.s. army is getting rid of soldiers, dismissing them because they don't meet fitness standards. obesity is a rising concern in the armed forces, has even been cited by military officials as a national security concern. between 1998 and 2010, the number of active duty military personnel characterized as overweight or obese has more than tripled and now the leading cause of ineligibility for people who want to join the army, according to military officials. want to know what the healthiest states are? >> i want to know how to live longer. the u.s. today says sitting on the set of a show is not the way. >> sitting too much or in snow too much. unless you live in vermont, massachusetts, connecticut or utah. >> unhealthiest, alabama. >> will die. >> south korea, west virginia, arkansas, louisiana, mississippi. >> what all those states have in common. north carolina. i see no trend. h i was in the land of -- let's do the news. >> i just was, actually. >> two sides of the story. >> okay
washington with maria bartiromo on the "closing bell." >> it's 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to "closing bell." i'm maria bartiromo coming to you live from the white house. stocks rallying and closing off the best levels of the session after senate majority leader harry reid warned it will be tough to reach a deal to avoid the fiscal cliff before christmas. we all note deadline, december 31. take a look at how we're finishing the day. the dow jones industrial average up about 80 points today. it was higher, much higher than 100 points earlier today, up two-thirds of 1%. volume on the light side this afternoon. nasdaq composite picked it up. technology up better than 1%. s&p 500 also on the upswing. markets maintaining steady gains all day long. david kudlow and bob pisani and barbara from the street. welcome to all of you. what about coming off the best levels? >> hitting search-week highs. 13,245 is where we ended the night of election and waiting for it to settle out. 13,248, so we are exactly where we were when the elections closed. i
, welcome about this. phil is out in spokane washington. hey, phil, good morning. >> caller: good morning, bill. >> bill: early morning out there on the west coast. >> caller: i'm a cook county democrat. and a steelworker. the fact of the matter is i want the right wing to step up and take responsibility for the ripple effect of air-traffic controllers because every time somebody dies in a right to work state, a coal mine and yes, in the gulf, that blood is on their hands. i've been -- osha becomes two-fer and the worker becomes -- indispensable. for the fact of the matter is every time a right to work state emerges, you have jim crow for the working man and woman in that state. he has no right. that's all i've got to say this morning. >> bill: hey phil, i appreciate your weighing in. it is true that in state after state after state evidence has shown not only are wages lower but working conditions in terms of health and safety for employees are a lot more perilous and as phil points out that has consequences. igo
in the national football league. >> number three, can president obama get his way in washington? >> everybody says we agree with it. let's get it done. >> number four, a daring rescue sees one navy s.e.a.l. dead. >> number five, the dede deejay royal prank. >> we're so sorry that this has happened to them. >> i'll talk about all of that and more with my guests in new york, washington, and around the country. this is "piers morgan tonight." >> good evening. a big story tonight. another nfl tragedy, another grieving family. teammates and fans left asking one question, why? a week after the kansas city chiefs jovan belcher killed the mother of his baby and killed himself, a fiery car crash leaves one player dead and another accused of driving drunk he was released one day after the mercedes he was driving flipped over and his teammate was killed. police officers on the scene said they thought alcohol was a contributing factor. the cowboys played the bengals on saturday afternoon and won. this is the head coach jason garrett on espn after the game. >> josh and jerry were really close. they were best f
. >>> right now on first look, it is crunch time in washington, president obama ratchets up the pressure on lawmakers as they try to hammer out a deal on the fiscal cliff before the holiday recess. >>> new details on a navy s.e.a.l. who died during a daring mission in afghanistan. >>> plus, a fireball over texas, and more dogs behind the wheel. good morning, even. i'm lynn berry. there is a renewed sense urgency in washington as house members returned to town today with just 21 days left to avert that so-called fiscal cliff, and if the framework for an agreement isn't reached by the end of the week, lawmakers could be spending christmas in d.c. tracie potts has those good morning. >>> the president sitting down with john boehner, the staff sitting behind closed door, but today republican members come back to capitol hill and boehner may have a problem. >> all these members are going to come back to town, and they're going to want to play a role in these negotiations. >> the house is back today. that means conservative republicans who insist the wealthy keep this year's tax breaks could p
the conversation himself like he did yesterday. is there any talk in washington that by weighing in on this he ginned up the protesters, even inadvertently of what's happening now that we see? >> well, he sure didn't hurt the turnout. he sure didn't hurt the ardor for the union side, and that's by giving it his complicit blessing the day before and talking about this stuff. you know, michigan, what that state representative was talking about there, there will be blood, talking about michigan has a bloody labor history in the efforts over the years back in the teens, the '20s and the '30s. this was a violet place when it came -- violent place when it came to unrest, and michigan has a rough history about stuff, and that's why governor snyder and others have urged so much caution surrounding these issues and that these are not helpful things to bring up in a state where these wounds are just beneath the surface all the time. alisyn: now, chris, i am holding in my hands here a press release that was put out today by the superintendent of schools in michigan who says that by 8 a.m. this morning 75
thinkin a budget.d... well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future... of these programs into a last minute budget deal... we'll all pay the price. aarp is fighting to protect seniors with responsible... solutions that strengthen medicare and... social security for generations to come. we can do better than a last minute deal... that would hurt all of us. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ >>> huge protests taking place at michigan state house. there's a vote from the house that has passed the right to work bill. want to bring in alison kosik for the latest. this is controversial, allison. how are people responding? >> reporter: there's not much response here. what's going on inside the ca
>>> on the right. let's play "hardball." >>> good evening. i'm chris matthews in washington. let me start tonight with this racket on the right. that's what bill kristol calls the far right fringe, a racket. what's exposed this rift is the fiscal cliff, the united states faces this january 1st. the hard righters are attacking any sign of compromise as a white flag of retreat. who is going to ge could out the winner in this fight? the people who make money pulling conservatives to the hard right or the people who believe conservative office holders like liberal office holders have a real stake in making the government work. a far bigger question, will the war on the right help the country unite and avoid the fiscal cliff or will it give the right a chance to bring the house down. with me is ron reagan and dana milbank of the "washington post." there's been a new offer, unclear so far, put forward by the gop to the white house regarding the fiscal cliff. at this time nbc cannot confirm any specific details within the offer. it was sent over this afternoon. speaker boehner's spokesman
in washington, thanks to you to the bank of america. thanks to you, john, and thanks to your colleagues. so you may have gotten cards. we're be bringing you into the conversation. so be thinking about what you're going to ask. so without further ado, we'll bring in bob woodward. mr. woodward. [applause] >> which is your chair? >> you get the daddy chair. >> thank you. >> so the price of politics, which has become a bestseller, as all your books do, looked at the last cliff, negotiations over the previous grand bargain that didn't quite get over the finish line. what does that teach us about the current cliff negotiations? >> well, it's groundhog day. the question is who's playing bill murray. and i mean, such a repetition. it's the same players at the same seats at the table with the same doctrines. so where this goes, i think anyone who thinks they know is wrong. some people say it's a fiscal cliff. some people say it's a slope. some say it's a bungee jump. some say it's a skateboard trip. it's going to go down and up and so forth. bottom line, i think, it's no way to govern. it is a giant mis
william burns is scheduled to meet tuesday in washington. >>> a search for active earthquake faults near japan's nuclear power plant may lead to the scrapping of one of them. implications run deep. >> reporter: 17 commercial nuclear plants and one major test reactor have been built in japan. the nuclear regulation authority was formed after last year's disaster to monitor their safety. experts at the authority are trying to determine if any of the reactors lie above active fault lines. the tsuruga plant in central japan has been known to have an active fault running close by. the fault is called urasoko. another fault intersects with it. it runs right under the facility's number two reactor. a team of experts dug up the ground at the plant so they could inspect the fault directly. the government panel examined the results of the so-called trade survey. panel members said on monday that the d-1 fault is probably active. they said that layers of earth near the fault have become deformed. the deformation is believed to cause d-1 to become active when national guidelines ban the building of
and washington, d.c. because we've stood tall as good, honest partner with the chinese. but what's also incumbent on you is when you've earned that position occasionally you have to speak up. and i did. >> rose: as you know, when you speak up about china people also say "look at general electric, this great american company. they're exporting jobs as well." >> we have jobs all over the world, right? so we are the second-biggest exporter behind boeing. we're a net exporter in every other country in the world. but we will sell more gas turbines -- we have a 50% market share of the large gas turbine market. we will sell more in algeria in the next three years than the united states. so what are we supposed to do? are we supposed to sit here and just say, oh, it's too hard? >> rose: and if you don't get the business somebody else will. >> somebody else is going to get it. we're down to the point after 130 years that basically we're the only american company left and most of the businesses -- love us or hate us, we're the only american left. so i think you would be better off as an american citizen wa
specific to spending to see how it stands up with the facts. doug mckelway is live in washington with more on this story. >> reporter: good morning, jenna. the republicans claim democrats are solely focused on raising tax rates not spending cuts. democrats counter what we heard from nancy pelosi. democrats agreed to over a trillion dollars in cuts as part of the budget control act in 2011. indeed hear is the document. letter from cbo to spiker boehner laying out $915 billion in cuts between 2012 and to 21. the brookings institution it is a fact, she says pelosi was right. listen up. >> there are two different conversation going on about these numbers. one is about the cuts that are already embedded in law which is evidently what nancy pelosi was talking about and they are absolutely embedded in law and there is no question about them. >> reporter: but not so fast. keep in mind that these numbers were derived from baseline budgeting that is a washington gimmick that no family balancing its checkbook could ever get away with. baseline budgeting assumes that spending will rise each year and b
plus, your e-mails, phone calls and tweets. washington journal, live tuesday, at 7:00 a.m. eastern, on c-span. >> now, latinos and the 2012 election, and what policy issues influenced their vote. speakers included former white house adviser to latin american, soto, and alfonso aguilar.: this is about two hours. [inaudible conversations] s. >> this is i think, as you all know, a place where public policy and research meet. i bring together the world of ideas with the world of policy action. very happy that tim johnson, the director of the latin american program is here this morning. and also want to acknowledge sal low star who had a lot to do with the planning, and this is an event we're cosponsoring with immigration works, to tamar a jacoby, and arizona state university, working on the issues. i want to acknowledge cardenas, a former governor and distinguished mexican colleague and many other good friends. and mane others back at the woodrow wilson system. and dan, who is out of government and into this civilian life. there's no doubt the latino vote was important in this past ele
wrote because he's plugged in down there in washington. if it's true that raising eligibility for medicare from 65 to 67, there has to be a reason for that. there has to be a big reason for that because those are major concessions. >> let me just say, i don't think there's any chan of this administration to agree to changing the medicare age. absolutely no chance. >> we have a history of them dangling it in 2007. >> any chance for debt ceiling he can change either. so that's why i think the president was saying what he was saying about the debt ceiling so clearly because that is the next stage of the fight. >> the other thing i would say, if we are going for that bigger deal where we're going to take on entitlements as well as the tax code, doin see any way that it gets done before january 1st. >> no. that takes at least a year. >> and it's going to be hard for boehner to go along with a tax rate increase if you're going to the democratic caucus with major entitlement reform. i just don't see that happening before january 1. >> it would take month of working the democratic wor
're sent to washington because we gather the information together and we make an informed decision. right now what's happening is that you have a handful of tea party extremists that potentially are going to hold the full, faith, and credit of the united states and the potential for us to go over the fiscal cliff hostage. and that's really unacceptable. president obama has put spending cuts on the table. he's put an increase in the tax rates for the wealthiest americans on the table. we've put making sure that we have p get a tremendous amount of savings out of the entitlement programs. what have the republicans put on the table? virtually nothing. it is time to be rational and compromise. >> to that point, what haley barber said this morning about the possibility of compromise. he was on "morning joe" today. >> as a republican, i would take raising the rates on the two top brackets if, in return, we had tax reform laid out over a period of months, if we had entitlement reform. i would hold my nose despite the facts that raising those two tax is bad economics, bad for jobs, going to hurt
Search Results 0 to 27 of about 28 (some duplicates have been removed)